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What's the absolute minimum downpayment to buy a condo in Singapore?

I hear it's min 30% downpayment which is awfully high. I have no existing debt in Singapore, I'm a Malaysian that will make between 30-45k a month not incl. bonuses, will likely apply for PR.
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12 Answers

Hi
Loan is up to 80% for PR, Singaporean. For foreigners, some banks loan up to 80% as well. Feel free to reach me via 91442664  . I would love to assist you in the entire buying process. There is no agent fees for buyers in the private properties.
Tricia Tan 91442664  Read More
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Dear sir/madam,

Always buy within your means, if you feel that the downpayment is high, perhaps you should consider other alternatives like buying back in Malaysia where many Singaporeans and foreigners have been flocking to own a piece of Malaysian property.

All housing loans in Singapore are subjected to approval by the MAS and the main consideration when it comes to the regulations are that they do not want borrowers to borrow out of their capacity, hence the higher downpayment is required. Your income bracket is very healthy and therefore if you do not have any existing financial commitments to meet, should be eligible for high quantum loan if you have the necessary cash for downpayment.

More importantly, you could perhaps lay out the objectives of this purchase in order to shortlist the probable projects and work things out faster instead of unable to make decisions due to unclear objectives.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
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Hi,

Absolute minimum downpayment will be 20%. Do note for 1st property purchase of foreigners, total stamp duties of 18% approx will also apply. For PR its 8% approx.

A higher downpayment suggests the government wants purchasers to be more prudent with their real estate purchases in the current low interest rate environment. It is a good initiative as speculators will be phased out of the market which will stablize the prices.

May I understand your plans are to? Thanks and look forward to value-add to your housing plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More
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YT Tan (陈永达)
Good morning buyer,

If you are able to obtain max 80% bank loan, your downpayment will be 20%. But do take note that stamp duties applicable for foreign purchasers will be 15% (additional buyer's stamp duty) and estimated 3% buyer's stamp duty.

Thus your initial outlay will be around 38% of purchase price.

Application for SPR status is not guaranteed but by obtaining SPR status, you can save up to 10% ABSD. In order to do so, you will have to be patient. Whole process might take up to 1 year.

If not, you can opt for those developments that developers are giving huge discounts or deferred payment scheme such d'leedon and interlace.

You just need to pay 15% first and pay the remaining 85% 1 year later. But do take note you will need to pay the stamp duties as well.

Will you be keen in these few projects?

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No.1 team in Propnex Read More
0
Hi Sir/Mdm,

As a foreigner, you can still loan up to 80% of the valuation of a property. The balance 20% will be in the form of cash. However, you will need to take note that for foreigners, an Additional Buyer Stamp Duty of 15% is payable on top of the 3% normal stamp duty.

In my humble opinion, it is better if you can purchase as a PR to save on the stamp duty or to purchase fire sale properties which are asking significantly below bank valuation. I have successfully assisted my clients to source for such properties before.

Please feel free to share with me which locations are you looking at so that I can provide you with further assistance. Thank you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2015/2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
0
Please call me @ 94386522  or email me at dfsr2010@gmail.com so taht I can propose some housings for your consideration as well as advise you on the financial requirements and timeline.
Thank you. David. Read More
0
GAN ENG JOO ONASSIS
Hi,

Re: The best deals available through SG Professional- BuyRealtor.com & NewLaunchDeal.com

You can contact me at +60 111 0788889 for your property purchase in Singapore. I have serve Malaysian buyers for years :)

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com
EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

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Singapore Line : (+65) 92222389 
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Skype: incomecare

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WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

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✅✅ (CHINESE VERSION : 简体中文版本)
(1) 如需协助任何房产相关事宜:
租房 / 买房 / 卖房 / 投资,我都可以帮忙!

*** WhatsApp:诗强 /ABLE Toh(+65 9856-9255  )
*** https://wa.me/6598569255
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*** ✅✅ 欢迎来电 / WhatsApp 诗强 :+65 9856-9255 
*** “我能帮助您,只要您愿意私信我” Read More
0
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here: Able Toh ✅✅

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line (ABLE TOH): ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!!
---------//-------------//--------------------
✅✅ (CHINESE VERSION : 简体中文版本)
(1) 如需协助任何房产相关事宜:
租房 / 买房 / 卖房 / 投资,我都可以帮忙!

*** WhatsApp:诗强 /ABLE Toh(+65 9856-9255  )
*** https://wa.me/6598569255
(本平台无法直接联系,请通过 WhatsApp)

(2) ✅✅ 你可以在这里查看我的客户评价:诗强 /ABLE Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(3) ✅✅ 私人住宅买家专享:
提供二手及全新私人住宅资源,买家零佣金
(多数卖方经纪愿意与买方经纪分佣)

*** ✅✅ 联系电话 (诗强 ):+65 9856-9255 

(4) ✅✅✅ 新加坡全新公寓项目-发展商直销团队|最低价保证|无中介费:
✅✅ 提供最新资讯 / 电子宣传册 / 户型图 / 价目表

*** ✅✅ 欢迎来电 / WhatsApp 诗强 :+65 9856-9255 
*** “我能帮助您,只要您愿意私信我” Read More
0
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here: Able Toh ✅✅

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line (ABLE TOH): ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!!
---------//-------------//--------------------
✅✅ (CHINESE VERSION : 简体中文版本)
(1) 如需协助任何房产相关事宜:
租房 / 买房 / 卖房 / 投资,我都可以帮忙!

*** WhatsApp:诗强 /ABLE Toh(+65 9856-9255  )
*** https://wa.me/6598569255
(本平台无法直接联系,请通过 WhatsApp)

(2) ✅✅ 你可以在这里查看我的客户评价:诗强 /ABLE Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(3) ✅✅ 私人住宅买家专享:
提供二手及全新私人住宅资源,买家零佣金
(多数卖方经纪愿意与买方经纪分佣)

*** ✅✅ 联系电话 (诗强 ):+65 9856-9255 

(4) ✅✅✅ 新加坡全新公寓项目-发展商直销团队|最低价保证|无中介费:
✅✅ 提供最新资讯 / 电子宣传册 / 户型图 / 价目表

*** ✅✅ 欢迎来电 / WhatsApp 诗强 :+65 9856-9255 
*** “我能帮助您,只要您愿意私信我” Read More
0
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here: Able Toh ✅✅

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line (ABLE TOH): ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!!
---------//-------------//--------------------
✅✅ (CHINESE VERSION : 简体中文版本)
(1) 如需协助任何房产相关事宜:
租房 / 买房 / 卖房 / 投资,我都可以帮忙!

*** WhatsApp:诗强 /ABLE Toh(+65 9856-9255  )
*** https://wa.me/6598569255
(本平台无法直接联系,请通过 WhatsApp)

(2) ✅✅ 你可以在这里查看我的客户评价:诗强 /ABLE Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(3) ✅✅ 私人住宅买家专享:
提供二手及全新私人住宅资源,买家零佣金
(多数卖方经纪愿意与买方经纪分佣)

*** ✅✅ 联系电话 (诗强 ):+65 9856-9255 

(4) ✅✅✅ 新加坡全新公寓项目-发展商直销团队|最低价保证|无中介费:
✅✅ 提供最新资讯 / 电子宣传册 / 户型图 / 价目表

*** ✅✅ 欢迎来电 / WhatsApp 诗强 :+65 9856-9255 
*** “我能帮助您,只要您愿意私信我” Read More
0
WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here: Able Toh ✅✅

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: @ +65 9 8 5 6 9 2 5 5

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** ✔✔Connect Singapore Line (ABLE TOH): ✔✔(65) 9856*9255

FOR : UPDATED INFO / E- BROCHURE / FLOOR PLAN / PRICE LIST!!!

NEW Launches Condominium in SINGAPORE :CALL/ WHATSAPP me FOR BEST CHEAPEST, LOWEST PRICE Straight From Developer Sales Team !!!
---------//-------------//--------------------
✅✅ (CHINESE VERSION : 简体中文版本)
(1) 如需协助任何房产相关事宜:
租房 / 买房 / 卖房 / 投资,我都可以帮忙!

*** WhatsApp:诗强 /ABLE Toh(+65 9856-9255  )
*** https://wa.me/6598569255
(本平台无法直接联系,请通过 WhatsApp)

(2) ✅✅ 你可以在这里查看我的客户评价:诗强 /ABLE Toh
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(3) ✅✅ 私人住宅买家专享:
提供二手及全新私人住宅资源,买家零佣金
(多数卖方经纪愿意与买方经纪分佣)

*** ✅✅ 联系电话 (诗强 ):+65 9856-9255 

(4) ✅✅✅ 新加坡全新公寓项目-发展商直销团队|最低价保证|无中介费:
✅✅ 提供最新资讯 / 电子宣传册 / 户型图 / 价目表

*** ✅✅ 欢迎来电 / WhatsApp 诗强 :+65 9856-9255 
*** “我能帮助您,只要您愿意私信我” Read More
0

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